DTN Daily Basis Comments
Soybean Basis Weaker; All Wheat Basis Stronger
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.12 | $0.04 | -$0.47 | Dec | $0.008 |
Soybeans: | $9.04 | $0.18 | -$0.65 | Nov | -$0.011 |
SRW Wheat: | $3.98 | $0.05 | -$0.45 | Dec | $0.007 |
HRW Wheat: | $3.60 | $0.09 | -$0.85 | Dec | $0.024 |
HRS Wheat: | $5.78 | -$0.01 | -$0.51 | Dec | $0.019 |
The DTN National Corn Index for Tuesday indicated a national average basis of 47 cents under the Chicago December futures contract, unchanged from Friday's basis.
SOYBEANS:The DTN National Soybean Index for Tuesday indicated a national average basis of 65 cents under the Chicago November futures contract, 1 cent weaker than Friday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter Wheat Index for Tuesday indicated a national average basis of 45 cents under the Chicago December futures, 1 cent stronger than Friday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter Wheat Index for Tuesday indicated a national average basis of 85 cents under the Kansas City December futures contract, 3 cents stronger than Friday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring Wheat Index for Tuesday indicated a national average basis of 51 cents under the Minneapolis December futures contract, 2 cents stronger than Friday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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